Manganese X reduces warrant exercise prices for 30 days

Jan 31, 2019

2019-01-31 10:14 ET – News Release

Mr. Martin Kepman reports

MANGANESE X REDUCES OUTSTANDING WARRANT EXERCISE PRICES TO 11 CENTS FOR 30 DAYS ONLY

Manganese X Energy Corp. has repriced 9,672,000 warrants (excluding finder warrants), as approved by the TSX Venture Exchange warrant incentive program. The following warrants with an original exercise price of 25 cents will be eligible under this warrant incentive program:

4,387,000 warrants expiring July 25, 2019;
5,285,000 warrants expiring Feb. 2020.

The new exercise price of the warrants will be 11 cents for 30 days expiring March 4, 2019. Note that the exercise warrant incentive program period for all 9,672,000 warrants is for 30 days starting from Jan. 30, 2019. After March 4, 2019, the exercise price will return to the original exercise price.

All securities issued thereby will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation.

Manganese’s mission is to acquire and advance high-potential manganese mining prospects located in North America with the intent of supplying value-added materials to the lithium-ion battery and other alternative energy industries.

We seek Safe Harbor.

http://www.manganesexenergycorp.com/pressreleases